credit counseling

April 30, 2017

Dear reader, of late American Debt Enders has received a number of inquiries from consumers looking to obtain a Debt Consolidation Loan to relieve their personal cash flow problem. As a result we have responded to meet this need. We have set up a website which contains over forty lenders, all of whom have been peer reviewed. That means that you the consumer have shared your experiences in dealing with each of them.

This resource is absolutely free to use. I will give you the link here:Get A Consolidation Loan. Before you click on it, here is some guidance to help you. After you get to the site, look in the left hand column and enter your FICO score, or credit score. This will present you with a list of lenders who will lend to you at your credit score. Now, you can check the reviews on each one, and look to see who might be the best to approach for the amount of money you want, and who will provide you with the best interest rate.

You can then apply right on the site, without leaving your home, to see who will provide you with the best terms. Please do not get crazy and think of this as free money. Using this type of loan to resolve a debt issue can be risky a blessing or a curse. We want to keep things on the blessing side. Make absolutely certain that your new monthly payment will be affordable to you, and is at a lower interest rate than the interest rate of the money you are paying back. Make sure you do pay back the money you owe, in other words this is not money from a windfall, although it can feel that way.

If you have gone this route in the past and it has not worked out, then you need to call American Debt Enders and we will help you get back on the right track. Best of luck to you.

September 02, 2016

Their seems to be a great deal of misinformation on this topic. The question being do banks have insurance to cover themselves against loss in case of a payment default by a consumer, and isdebt dispute valid way of handling a debt crises? Perhaps the best way to approach this question in a credible manner, one that takes the answer beyond the realm of opinion, is to look at actual court cases and study the legal track record , if one exists, on this topic. So, to keep this outside of my opinion, that is exactly the approach that was taken when researching the answer to this question. Here is the actual question that we are attempting to answer. We know that a bank cannot carry defaulted debts on its books forever. The reason being that defaulted debts, or debts where the odds are negligible that a bank would ever recover money loaned on a credit card or other unsecured debt, would badly skew the picture on the health of the bank or lending institution. So, banks are bound by a simple rule. When a debt reaches a default age of 180 days, the bank must remove it from its books as an asset and charge it off.

Here is the Documentation: Fact #1. In June 2000, the U.S. Comptroller of the Currency issued an Order on its Web Page to All Banks. (See 8 Pages) They MUST Write Off All Unsecured Consumer Debts that are More Than 180 Days In The Arrears. So, here we have the first proof.

As an aside, I thought I would throw in this piece of legal information from Appellate court cases: . Their are 2 Pages of Appellate Court Cases proving that Banks/Lenders cannot Foreclose on Any Debt Without First Presenting the Original Promise To Pay/Credit Card Agreement. A Copy Of An Original Is Not The Original Promise To Pay/Credit Card Agreement As Required By Law.

Here is our first piece of Documentation on the actual Default Insurance. It is found in a case called Jenkins Vs Heinz, 25 f 3rd, 536, 1994. This is an Appellate Division ruling overturning a lower court ruling in which the bank was holder of a car loan after a repossession and was seeking to recover 4,137.00 from the defendant which they said was money it had to spend to maintain vehicle insurance that the defendant had allowed to lapse. The insurance they were looking to be reimbursed for was not car liability insurance, etc, but rather insurance against a payment default which is exactly what happened. Note: Insurance against a payment default. I realize that a car is a secured debt, however, the principle is the same.

For easy reading I have chosen to end this article here. However, if you would like to know more about our debt dispute program, please do feel free to call at 877-766-2465.

May 13, 2016

This is part one of a two part article explaining exactly what debt invalidation is. The above question is a popular inquiry on Google and all other search engines. So time to really delve into it. Their may be some variations on each companies approach, but overall this article will provide you with a thorough understanding about this process which is becoming more popular. First, what it is not. It is not illegal, it is not a scam, it is not immoral, it is not Debt Settlement, or Bankruptcy. Secondly, the company you hire to represent you and your interest does not have to be a law firm, although it is good to have an Attorney involved in the process, or at least on standby, should one become necessary. We will cover this in more detail later on. By the way, American Debt Enders is not a law firm and does not give legal advise. For all the trouble makers on the internet, providing information and education about law, is not the practice of law.

Despite what most consumers believe, one does not have to have a BAR card to be an authorized representative for another person. Contrary to popular belief, there are no laws against appointing a personal authorized representative to present your interests in a claim or dispute. It would be against all American equitable principals to create laws that would prevent a free man or woman from appointing an authorized representative, or agent, to act on their behalf. Other terms for a personal authorized representative may include, power of attorney, trustee, executor and agent to name a few. Sorry lawyers.

Next Item. Why Dispute A Debt? A debt should be disputed to make a debt collector prove they have the right to collect on a particular alleged debt. Their is absolutely nothing illegal or immoral about doing this. It is the law that makes it possible. For clarification, I do not and would never recommend using this method to avoid a debt you know is valid and that you really owe and can afford to pay.

When a debt collector sends a notice of a debt owed to a consumer they are making a claim against that consumer. Note:(this article is based on researching the debt dispute program as laid out by Infinity Consumer Services, which contains some unique elements.) When you the consumer dispute the debt you are making a counterclaim, the claim and counterclaim create a commercial record of both. right at the outset of the dispute. The following information must appear on all notices for collection sent to a consumer. “…unless you dispute this debt within 30 days of receipt of this letter, we’ll assume the debt is valid.” Please notice the word Assume. If all debts were valid without assumption than their would be no need for any laws governing the rules for dispute.

Please do take the time to read part two of this a article, and if you are interested in enrolling in this powerful debt relief program, feel free to call. 877-766-2465.

April 09, 2016

It is amazing how many people still do not understand what credit restoration is. Credit Restoration is the process of bringing back up a low credit score. Usually after the credit score has been damaged due to either a life event or just outright neglect. Yes, if you want to be able to have a credit score that will allow you to borrow money, perhaps in some cases even get that dream job, than your credit score is yet another of those pesky life issues that must be managed. This article addresses perhaps one of the best ways to restore a credit score that has fallen because bills have not been paid for any reason.

The program is called Debt Dispute, and while not as prevalent as programs like debt settlement, it is the singular best method for raising a credit score and getting rid of debt collectors and debt all at the same time This credit counseling program is so effective that it usually comes with a money back guarantee. That means a full, 100% return of all and any fees you may have paid to the disputing credit counseling company. Do I have your interest yet?

Consider the fact that their are other debt relief programs. Not one of them offers the comprehensive results of debt dispute as offered by American Debt Enders. Probably the biggest misunderstanding of whether or not this program is right for you is that consumers think that because they took the money or ran up the credit card they cannot dispute the debt. Nothing could be further from the truth. This program calls into play over a dozen federal and state consumer laws that mandate that creditors of unsecured debt be able to produce a number of documents when asked to validate a debt, before collecting, or trying to collect. Again, nothing to do with whether you used the credit card.or the money.

What starts the process? When a consumer enrolls in the Dispute Program, they give authorization for a representative to communicate on their behalf. This is the same as appointing a power of attorney. The representative is authorized to dispute the alleged debt with any third party debt collectors that may attempt to collect the alleged debt from you. Because the client has appointed the authorized representative to do so, the representative will put together a dispute under various laws that pertain to the collection of debt. The authorized representative will serve it as a notice on the debt collector within the 30 day dispute time frame as stipulated in the Fair Debt Collection Practices Act. The dispute is witnessed by a notary and sent to the debt collector registered U.S. Mail return receipt requested, also done by a notary, to ensure proper record of the dispute by a state official. This process is known as a notary presentment. The entire process takes between 18 and 24 months to complete. The cost is about half of the cost of any debt settlement program.

Again, here are some of the advantages of this approach: No taxes on the successfully disputed debt. Negative is completely removed from your credit report, as part of the credit restoration process. Full 100% money back on any debt not successfully disputed.

If you would like to learn more and would like to enroll in this program, simply call us at 877-766-2465, or visit: American Debt Enders and fill out an simple form and a consumer counselor will contact you.

March 15, 2016

After Twelve Years or more of being a dedicated Consumer Advocate, I have reached some conclusions about what programs and approaches work more effectively and efficiently to achieve the desired results. One thing is for sure, and that is the fact that the consumer is up against it when it comes to the monetary system. A system where the consumer, and that would be you, actually has to be prepared with knowledge before starting the game or risk having to hire a professional such as myself, or an advocacy company like American Debt Enders to maneuver through the minefield. Before we go on, lets understand why. Both Banks and the Government are able to keep you under their control with regulations. The credit scoring rules can be extremely unreasonable, and credit reports are the way banks charge those 9% interest rates in a 2% world.

The Federal government keeps you under control by writing the rules that both the banks and consumers must live by, take for example the Bankruptcy laws, which make it ever more difficult to legally walk away from debt, no matter how overwhelmed you may be.

So, rules are a two way street.If you have to comply then so do they, and this is where debt dispute comes in. This insures that debt collectors and debt buyers cannot just run you over like in a car drive by. To say the least it levels the playing field, even, for you the distressed consumer, tilts the odds in your favor.

When a dispute company disputes a debt on your behalf it is to make the debt collector prove they have a right to collect. If they do not, they cannot collect the alleged debt. Debt Dispute creates a commercial record of the dispute which can be used as a record in the case of your counterclaim, should their be one. . When a debt collector sends a consumer a debt collection letter, or notice, they are making a claim that the consumer owes them an alleged debt. When a consumer disputes that debt, the dispute becomes a counterclaim in the world of commerce. The information that must be included on all debt collection notices by third party debt collectors according to the Fair Debt Collection Practices Act must be, “…unless you dispute this debt within 30 days of receipt of this letter, we’ll assume the debt is valid.” Notice the word assume in the debt collection letter verbiage. They only make an assumption that the debt is valid because consumers are usually unaware they have a right to rebut that assumption. This begs the question, if all debt is valid, why is there laws that give the consumer a right to question the validity of their debts? If all debts were valid, there would be no need for a dispute. (taken from Debt Dispute, Frequently asked questions, by Infinity Consumer Solutions).

So the title of this article asks if Debt Dispute is the fastest way to credit restoration? The debt dispute process takes If the process is started from when the debts have gone to collection it would take 12 months. If started from the time before the account has been sold or transferred to a debt collector the process would take 18 months. By contrast, a debt settlement program, which can be an excellent way to deal with debt as well, takes anywhere from 24 to 48 months.

November 22, 2015

No, not really trying to be cute, but, if you are reading this I guess I got your attention. You know when people use the expression, oh, that's just a blank, you can fill in the blank. Well, I am here to tell you that their is nothing about American Debt Enders or its programs that's just anything. Although I may be a bit biased, I am fully prepared to back it up.

So lets start with theAmerican debt Enders Affiliate Program. We started out Affiliate program in 2007. And, for those of you who may be unfamiliar, Affiliate programs are used by all sorts of companies to help attain business by using the services of internet marketers who's business it is to drive quality traffic to a companies website or offer. In return they are rewarded with money when they are successful. Generally the company puts out the offer and affiliates are drawn to it and make a decision to either sign up or decide that it is not for them. Usually once an affiliate is approved a signs on they are given the guidelines (ways they can and cannot market the companies services) and that is pretty much the end of the interaction. Not so with American Debt Enders and its affiliates. So, its not just an ...affiliate program.

Instead, ADE is determined to help affiliates succeed. Recently our affiliate program has begun offering free tools to anyone who signs up for our affiliate program. Why? Because as Bob Dylan sang, "The times they are a changin". The economy is changing, and many people looking into affiliate marketing as a way to supplement their income could use any help they can get to fast track the road to success.

We do not sell them the tools, and we do not charge them any fee to affiliate with us, because we want to see them succeed. One of the tools we give away is, e.g. a free tool that shows how your website appears on cell phones as opposed to desktops. Very simple, but very necessary if you are an internet marketer. The bevy of tools can be found on the ADE Affiliate page.

Another reason we are not just.....is our approach to debt relief, and free credit counseling. Over and over again, our counselors hear the following from debt ridden consumers: You sound very different than the last person I spoke with, they left me very confused, (and they were explaining only one program) you however are being very clear, (ADE offers seven programs). So how is that? First of all, we are one of the first free credit counseling companies in the country to be a debt solutions one stop, if you will. Picture the debt oppressed consumer looking for a solution and has never used a credit counseling company before, makes a phone call and is seeking help. Depending on which company they call, they get a mish mash of debt industry definitions all to describe one program, let me provide an example. Some companies offering only debt settlement, refer to it as debt consolidation. Ouch! And are told they will make one payment and the creditors will get paid. While the above is true it leaves the impression to the consumer that the one payment is going each month to the creditors and so their credit score will be protected. What is really happening? The one payment is going to a 3rd party bank account controlled by the consumer and eventually the collectors will get paid a settled rate which is much less than the now owe. You see, words are not just....either, no they have meaning and that meaning is very crucial to the consumer, being in a right or wrong debt relief program for them.

American Debt Enders offers 7 different debt relief programs at the present time. Our sister companies and processing agents are among the best in the industry and it is very easy to check them because the circle of companies is plainly listed on out partners page. None of them are just.........

Mark the date of the writing of this article if you are into that sort of thing and see if other companies in the debt relief industry don't start offering services in a new way. That would be the American Debt Enders way...because it's not just.

You might want to post the below phone numbers on your refrigerator, for a rainy day:

October 23, 2015

If you are struggling with private student loans there is excellent help available. Because of the way in which the private student loan business operates, their is more than one way to approach a debt relief solution for them. We are going to put forth two solutions for you the consumer to choose from. And, by the way, not to toot our own horn, but this is exactly why we say, when it comes to debt relief, we did not invent it, we simply do it better.

First, to really understand why these approaches work so well, you need to know how the world of private student loans works. Here is a brief, to the point article that will explain. And not to worry, when you click the link a new window will open with the article so you will not lose your place. Here is the article on the Pvt Student Loan Industry.

Here are the two approaches. First, Private student loan debt settlement coupled with debt invalidation. If you read the previous article you now now that this lending area is somewhat chaotic. Particularly, as the loan ages and shifts to various collectors and organizations. This is a two barrel approach, if the invalidation fails, than the second settlement barrel is unloaded. This program requires the consumer to be able to afford as a monthly payment, 1% monthly of the loan amount. So, 20,000 dollars of student loan debt, would need a payment of 200 dollars per month to cover both approaches.

If, you cannot afford the 1%, then simply using the also effective debt invalidation approach can be utilized for, in some cases half of one percent.

Please, if you need help in this or any area of unsecured debt, please do not hesitate to either visit our website at Free Credit Counseling.

September 23, 2015

If you Google this term you will find pros and cons about Debt Invalidation Programs. So, lets clear the record. Debt Invalidation is not so much a program, as it is a set of laws that debt collectors must adhere to when trying to collect a debt. The invalidation part means simply that just because I call you demanding payment for a debt I say you owe, I must have the ability when and if challenged to be able to legally demonstrate that 1: the debt is real, and 2: you really owe it. You would be amazed how many debt collectors cannot validate a debt that they insist you pay or have slammed your credit report with.

In fact there are over a dozen consumer laws that cover debt invalidation both state and federal. When used by someone who understands them they can be extremely powerful. So this is not an article on how to use these laws however I will explain one way to use them coupled with Debt Settlement that will make them extremely powerful and get you a lower settlement.

The first part of any Debt Settlement Program should be debt invalidation. This puts the collector on notice that the settlement company is going to be very aggressive in getting you the best settlement, and I guarantee it works. In the majority of instances no collection company can answer a well crafted invalidation attack, or a forensic audit. That’s because the full trail of paperwork that supports your debt, if it is your debt, rarely follows their purchase of the debt. No matter what a collector tries to say they are required to validate the debt when asked or simply remove it from your credit report iof they cannot and cease collection efforts.

So, when debt invalidation is coupled with other elements of a debt settlement program the result is often and faster and lower settlement. Couple that with representation by an attorney who understands this process and that is debt settlement on steroids.

If you are interested in the program simply visit American debt Enders.

September 21, 2015

So if you need debt relief and you check out google for research, you will find plenty of companies out their ready to enroll you in a program. The question is, is it the right program for you and your situation? No two people with debt problems are alike, and not all companies are created equal. It is extremely important to be in a program that best matches your situation and temperament so that you do not become discouraged half way through and drop out, and have to start anew.

So, how do you the consumer achieve this? The main thing is to find a credit counseling company whose counselors have been trained to ask you the right questions and also fully understand the way that each program offered works so that they can clearly explain it to you.

Honesty during the counseling session on the part of both the consumer and the counselor is very important. You do not want a counselor offering you a program that pays he or she the highest commission!

Most credit counseling companies only offer one basic program. For example, National Debt Relief specializes in Debt Settlement, Debt Wave, specializes in Debt Consolidation also known as Debt Management. American Debt Enders offers Debt Consolidation, Debt Settlement, Pay Day Loan Relief, Federal Student Loan Relief, Private Student Loan Relief and Debt Invalidation and rather than being generalists are also have individual counselors who are experts at each of these individual area. It is an approach that just gets better and better and says we are true experts at all forms of debt relief. The completion rate for all of our programs is among the highest in the industry, with drop outs usually occurring because of a life changing event.

I hope you have found this article to be helpful, and if you need guidance in matters concerning debt relief, please feel free to call. The counseling is always free.

September 18, 2015

So you finally realize you have a real debt problem. Somehow, the constant ringing of your telephone with people looking for money, no, not the donations kind, is a dead giveaway. But, where to begin. First of all, you need to evaluate if Debt Settlement is actually what you need in terms of debt relief. Making that decision is for another article, however, if you have determined that debt settlement is the program that you need, then by all means, keep reading.

5 years ago the FTC stepped in and regulated the settlement industry. Frankly, it was the best thing that could have happened. You could feel the breeze when the unscrupulous operators left the industry. this was a good thing for everyone.

So lets move on to the two types of settlement available.

First, there is the simple non attorney settlement model. You establish a monthly payment you can afford, that payment goes into a third party bank account which you have control over. That means you can close it anytime and take the money that has built up. Note: There is really no reason to do this unless you plan on withdrawing from the program, because that money is what will be used to make the actual settlements when the time comes.

During this build up time usually the original creditor sells the debt to a debt collector for much less than the present balance. The bank collects on an insurance policy that protects them from the default, And the debt collector who has purchased the debt is looking to just make a profit on the debt that they purchased for less than face value. The settlement is negotiated by the settlement company, usually debts are negotiated down for about 35% of the original debt. Once the settlement is agreed to the settlement company concludes the deal by completing the paperwork, which releases the account and places a notation on your credit report that says that the account has been settled as agreed, thus lessening the effect of the negative notation om your credit report. The completion of the paperwork is very important.

The settlement company charges a fee after each successful settlement,

Fees can range anywhere from 12 percent to 20 percent.

Debt Settlement, The Attorney Model Plus. Ok, yes this model looks to settle your debts at the same 35%, but I call it debt settlement on steroids! Not needed by everyone, but if you have an income you do not want to have garnished, strongly consider it. In this model, yew the fees are higher but you will have an Attorney available should you be sued or subpoenaed by a creditor before the debt settles. For example, Discover is known to be very litigious and will serve a subpoena just to let the world know that they do not like settlement.

Additionally, some Attorney model programs have cleverly combined settlement with debt invalidation. This can be super powerful. In a nutshell, debt invalidation turns the tables on the creditors by forcing them to legally produce documents that are legally required for them to collect the debt. This can actually make you money if they have violated your consumer rights or easily force them into a settlement. the really good news is that this type of program with usually higher fees can be even cheaper than the conventional model, depending on how it is structured, so not to worry.

Well that is it. Hopefully enough information to guide you to the proper settlement program. Yours Truly